How We Came Up With Our Offer Number For Old St. Augustine Rd. Lot

So instead of just blindly going with the asking price, what real estate agents do to figure out the price of a piece of property is to evaluate a few factors. One of them is, how long has this been on the market. In this case, the land has been on/off the market for years now and was just passed on through an inheritance in 2010. So they’ve tried to sell this land multiple times for years on end. Second, what is other similar land out there going for on the market? Considering other plots in the area are only $50k, we decided to go in with an initial offer of $50k.